Free India Assurance Services Limited

Provides insurance and investment services, including windmill power generation and medical insurance schemes.

1998 | Mumbai, Maharashtra (India) | Active
Last Updated:

Free India Assurance Services Profile

Key Indicators

  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 3.96 Cr
  • Company Age 26 Year, 11 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 3.00 M
  • Revenue Growth 13.18%
  • Profit Growth 30.48%
  • Ebitda 24.70%
  • Net Worth -25.25%
  • Total Assets 49.14%

About Free India Assurance Services

Free India Assurance Services Limited (FIASL) is a Public Limited Indian Non-Government Company incorporated in India on 30 April 1998 and has a history of 26 years and 11 months. Its registered office is in Mumbai, Maharashtra, India.

The Corporate was formerly known as Free India Assurance Services Private Limited. The Company is engaged in the Environment Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 3.96 Cr.

The company currently has active open charges totaling ₹3.00 M.

Manish Mehta, Aakesh Chopra, and Shradha Mehta serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U66010MH1998PLC114694

  • Company No.

    114694

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    30 Apr 1998

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Environment
Financial Services
Company report

Free India Assurance Services Limited

Explore comprehensive data for Free India Assurance Services Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Free India Assurance Services?

Board Members (3)

NameDesignationAppointment DateStatus
Manish Mehta Country flag representing In Director 30-Dec-2020Current
Aakesh Chopra Country flag representing In Director 05-Feb-2006Current
Shradha Mehta Country flag representing In Director 30-Sep-2022Current

Financial Performance of Free India Assurance Services.

Free India Assurance Services Limited, for the financial year ended 2021, experienced significant growth in revenue, with a 13.18% increase. The company also saw a substantial improvement in profitability, with a 30.48% increase in profit. The company's net worth observed a substantial decline by a decrease of 25.25%.

Free India Assurance Services revenue growth over time
Free India Assurance Services profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
13.18%
Revenue from Operations
2.93%
Total Assets
49.14%
Profit or Loss
30.48%
Net Worth
-25.25%
EBITDA
24.70%

What is the Ownership and Shareholding Structure of Free India Assurance Services?

In 2021, Free India Assurance Services had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0.30 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 0.20 Cr
  • Others : 0.10 Cr

Latest Charge Details

DateLenderAmountStatus
22 Apr 2024Others₹1.00 MOpen
24 Feb 2023Hdfc Bank Limited₹2.00 MOpen

How Many Employees Work at Free India Assurance Services?

Free India Assurance Services has a workforce of 9 employees as of Apr 03, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Free India Assurance Services Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Free India Assurance Services, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Free India Assurance Services's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Free India Assurance Services

Recent activity within the organization

  • Annual General Meeting

    Free India Assurance Services Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Charges

    A charge with Others amounted to Rs. 0.10 Cr with Charge ID 100926787 was registered on 22 Apr 2024.

  • Balance Sheet

    Free India Assurance Services Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.20 Cr with Charge ID 100757075 was registered on 24 Feb 2023.

  • Director Appointment

    Shradha Manish Mehta was appointed as a Director was appointed as a Director on 30 Sep 2022 & has been associated with this company since 2 years 6 months .

  • Director Appointment

    Manish Gyanchand Mehta was appointed as a Director was appointed as a Director on 30 Dec 2020 & has been associated with this company since 4 years 3 months .

Frequently asked questions

  • What is the Incorporation or founding date of Free India Assurance Services Limited?

    Free India Assurance Services Limited was incorporated on 30 Apr 1998.

  • What is authorized share capital and paid-up capital of Free India Assurance Services Limited?

    The authorized share capital of Free India Assurance Services Limited is ₹ 5.00 Cr and paid-up capital is ₹ 3.96 Cr.

  • Who are the current board members & directors of Free India Assurance Services Limited?

    Currently 3 directors are associated with Free India Assurance Services Limited.

    • Manish Gyanchand Mehta
    • Aakesh Suresh Chopra
    • Shradha Manish Mehta

  • What is the registered address of Free India Assurance Services Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Free India Assurance Services Limited is A -3210 Marathon Futurex Mafatlal Mills Compound N.M. Joshi Marg, India, Mumbai, Maharashtra, 400013.

  • What is the corporate identification number (CIN) and company number of Free India Assurance Services Limited?

    The corporate identification number (CIN) of Free India Assurance Services Limited is U66010MH1998PLC114694 and the company number is 114694 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Free India Assurance Services Limited?

    According to the financial reports for the fiscal year 2021, the revenue trend for Free India Assurance Services Limited has risen by 13.18%.

  • How many employees does Free India Assurance Services Limited currently have?

    As Per 2021 financial reports, 9 employees are currently employed by Free India Assurance Services Limited.

  • What change has been observed in the net worth of Free India Assurance Services Limited, and by what percentage?

    The financial reports for the fiscal year 2021 indicates that The net worth of Free India Assurance Services Limited has experienced an downturn of -25.25%.

  • What are the total open charges for Free India Assurance Services Limited?

    As per the financial statements for fiscal Year 2021, The total open charges for Free India Assurance Services Limited amount to ₹ 3.00 M.

  • When was the last Balance Sheet of Free India Assurance Services Limited filed with the ROC?

    The most recent Balance Sheet for Free India Assurance Services Limited was filed with the ROC on 31 Mar 2024.

Unlock Business Insights – Explore Instantly!

Search company & director profiles for free and gain access to critical business data.

  • 3.1M+ Companies
  • 15M+ Legal Cases
  • 525K+ Credit Ratings
  • 5.8M+ Directors & KMP
  • 750K+ Regulatory Alerts
  • 1.1M+ Companies' Financial Records
Start Free Trial

People also Viewed

Similar Companies Based on Brokerage & Trading Services